SEC Form 4 · accession 0001359841-17-000065
Hanesbrands Inc. · HBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald Evans
Officer — Chief Executive Officer · Director
Period of report
May 8, 2017
Accepted (ET)
May 10, 2017 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001359841
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 8, 2017 | M | 113,475 | $6.28 | A | 1,061,098 | D | |
| Common StockF2 | May 8, 2017 | F | 71,366 | $21.47 | D | 989,732 | D | |
| Common StockF3 | May 9, 2017 | S | 42,109 | $21.743 | D | 947,623 | D | |
| Common Stock | holding | — | — | — | 117 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $6.28 | May 8, 2017 | M | 113,475 | D | — | Feb 4, 2018 | Common Stock | 113,475 | 113,474 | D |
Explanation of responses
- F1The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2017.
- F2Represents a "net exercise" of outstanding stock options. These shares were withheld by Hanesbrands Inc. for payment of the exercise price and applicable taxes, based on the market price of Hanesbrands Inc. common stock at the time of the option exercise on May 8, 2017 of $21.47.
- F3This transaction was executed in multiple trades at prices ranging from $21.58 to $21.875. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the SEC staff, Hanesbrands Inc. or any security holder of Hanesbrands Inc. full information regarding the number of shares sold at each separate price.
- F4The options vest in three installments of 33% on February 4, 2009, 33% on February 4, 2010 and 34% on February 4, 2011.